Middlebury register. (Middlebury, Vt.) 1886-1937, 1887-07-22
Sheep 1nterest.
WHAT WOOL is DOING.


Whatever there has been of boom in
wool in the last few weeks has in great
measure subsidized, and the trade has set
tied down to a steady pull for the mastery
between buyer and seller. There is no
use in Disgusting the fact that the feeling
| in the country is more quiet, though
there seems to be no weakening in prices.
Our advices from various sections indi-
cate that the volume of transactions has
fallen off somewhat, and that little
more dickerng is required to effect sales.
Eastern wool journals are unanimous in
reporting the market in the country as
weaker. although we see no further evil
dence of this than the facts to which we
have alluded.
Those who have sold their wool thus
far have as general thing undoubtedly
sold at better figures than they anticipat-
ed two months ago. And the margin be-
tween buyer and seller is now so narrow
in many places that holders could still
sell without difficulty at prices higher
than they at first hoped for. SO that in
any event the firm stand taken by wool
growers has added very materially to the
value of the clip of 1887. 1t is not a
question of whether they can do better
than the buying interest proposed that
they should do. but how much better?
Taken as you please, every man who did
not at once give up his wool without
question is some cents per pound ahead
because the market was this year made in
the country.
And what of the future? 1t looks now
as though it were to some extent Il mat
ter of "sand." Very slight concessions
in the interior would no doubt produce a
very active trade but even as it is prices
in the East are firmly held. On one
ground in particular concession might be
quite preiudicial. inasmuch as if buyers
could get sellers ION the run there is no
telling what the effect might be. We do
not think the situation iustifies weaken
ing on the part of growers. though there
may be local circumstances which may
The uncertain element affecting all such
things is the number of men who never
pay any attention to anything outside the
offers of the buyer. Good prices have
more often been defeated in this way than
in any other. \ better understanding
among producers today would add untold
strength to the market.
y good deal depends in the next few
weeks on the firmness of speculative buy
ers who have gathered up large lots of
wool in the country. and have not yet
found good time to forward it to the
seaboard If these men continue to show
the tirmness already displayed the mar
ket is safe; and with them the outcome
is largely dependent upon financial
strength. Manufacturers must one of
these days have the wool, and so far the
interior has been debating the terms upon
which they shall have it. win the inter
ior hold this dictatorship, or resign it: 1t
can be and should be held.
The foreign markets are doing well, and
at current seaboard prices wool bought
now cannot be protitably imported. This
is certainly in favor of the grower. BY
figures given elsewhere it will be seen
that wool imports have fallen off very
materially in the past eleven months
There has also been a heavy fall-of il
importations of yarns. Imports of wool
ems, however. show Il material increase
and thishas a decided effect in pre-
venting such "a rally in the American
market for woolens as Is desirable. Tn,
possibilities of importation are the men
ace under which the wool trade is rest
ing. Even with all this. though. we dc
not regard the situation as one calling fo
the sacrifice of the clip below current
countrv nripps II National Stockmau